Business
Almonty announces the filing of its Financial Statements and MD&A for the period June 9 to September 30, 2011 and provides update on the Los Santos Project
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About this update from Almonty Industries Inc.
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE\n UNITED STATES/\n\n\nTORONTO, Jan. 27, 2012 /CNW/ - Almonty Industries Inc. (\"Almonty\") (TSX-V: AII) today announced the filing of its Audited Consolidated\n Financial Statements and management discussion & analysis (\"MD&A\") for the period June 9 to September 30, 2011 and an operational update\n for the Los Santos Project for the period July 1 to September 30,\n 2011.  The Los Santos Project is wholly-owned by Almonty's indirect\n subsidiary, Daytal Resources Spain, S.L. (\"Daytal\"). The operating results of Daytal reflect the operations of the Los\n Santos Project prior to Almonty acquiring control of Daytal on\n September 23, 2011.  Unless otherwise indicated, all currency amounts\n contained herein are in thousands of Canadian dollars.\n\n\nAlmonty's Audited Consolidated Financial Statements and corresponding\n MD&A represent the results of Daytal being acquired by 7887523 Canada\n Inc. (\"Almonty Sub\"), now a wholly-owned subsidiary of Almonty, from Heemskirk\n Consolidated Limited (\"Heemskirk\"), and Almonty Sub then being acquired by RCG Capital Inc. (\"RCG\"), a capital pool company listed on the TSX Venture Exchange, pursuant\n to a reverse take-over transaction. Following closing of the\n transaction on September 23, 2011, RCG changed its name to \"Almonty\n Industries Inc.\" and changed the ticker symbol of its common shares to\n \"AII\". The Audited Consolidated Financial Statements represent Almonty\n Sub as the surviving entity from an accounting perspective under\n International Financial Reporting Standards.  Almonty Sub was\n incorporated on June 9, 2011 for the express and sole purpose of\n completing the acquisition of Daytal.  The period covered by the\n Audited Consolidated Financial Statements and corresponding MD&A is\n from June 9, 2011 (being the date of incorporation of Almonty Sub) to\n September 30, 2011. As such there are no comparative year figures\n available.\n\n\nSummary operating information for Daytal1:\n\n\n \n\n\nQuarter\nEnded\n Sept 30, \n2011\n\n\nQuarter\nEnded\n June 30, \n2011\n\n\nYear\nEnded\n Sept 30, \n2011\n\n\nYear\nEnded\n Sept 30, \n2010\n\n\nOre treated (tonnes)\n\n\n115,689\n\n\n124,143\n\n\n441,976\n\n\n268...